Shipping Industry Steers Course to Tackle Emissions

The Yara Birkeland, will be the world’s first electric and autonomous container ship. New container business on short-sea shipping Shipping accounts for 2 to 3 percent of the world’s total greenhouse gas emissions ...

Wartsila Awakening Connectivity

Wartsila started 'An Ocean Awakening' connectivity program which brings the systems, the industry and the stakeholders in the same platform. This digitally connected environmentally sound 'smart ecosystem' was launched in September last year. ...

Cargo Ship Runs Aground Near Virginia Beach

On January 10, the U.S. Coast Guard assisted the crew of a bulk carrier ship after it ran aground. What happened? The bulk carrier 'JSW Salem' ran aground near Cape Henry Buoy #4 with its crew...

IMO Amendments Take Effect Ahead of 2020

IMO regulatory amendments and North Sea and Baltic Sea NOx ECAs entered into force on the first day of 2019 The BDN amendments require shipowners and operators to carry a certified declaration Amendments...

$12 Million Of Losses From Trading Bunker Fuel Derivatives

  In 2018 Vistin Pharma set up energy trading unit. Head of energy trading stepped down on Thursday, 8th January 2019. Vistin shares dropped as much as 18 pct to record low. Norway’s Vistin Pharma...

MR Tanker Arrested Off Singapore

The vessel Atlanta was arrested at 3.50pm on January 2nd, 2019 in Singapore. It was owned by Coastal Logistics affiliated with Coastal Oil Pte Ltd(Singapore). Coastal Oil filed for liquidation in December 2018. The...

Scrubbers: A Shipping Executive’s View

  As there’s no extension to the IMO 2020 Sulphur regulation, shipowners and shipping companies should create a ship implementation plan. The 3 month grace period till March 20 should be fully...

Tanker Report – Week 1, 2019

The tanker report has been compiled highlighting the various highs and lows faced by the tanker market. VLCC The increase in 2019 Worldscale flat rates led naturally to big changes in the rates fixed. Middle East...

GARD: Amendments to the Rules for the 2019 Policy Year

  Changes in terminology and structure  as to calculation of calls and clarification of the term 'casualty'. Rule 56 regarding non-marine personnel has been slightly changed. Contractual liabilities incurred by the Member in respect...

Five Marine Fuels and Propulsion Technology Moves that will Define 2019

Prediction of top five trends in marine fuels and propulsion technologies in 2019 Stressed the need for long-term fuels, vision for zero carbon propulsion and transition to LNG More emphasis is given for...